Wednesday, July 13, 2011

Wall Street more reliable than the housing market - therapist industry gears up for liberal influx.

USC professor Robert Bridges, writing in the Wall Street Journal:

So a dollar used to purchase a median-price, single-family California home in 1980 would have grown to $5.63 in 2007, and to $2.98 in 2010. The same dollar invested in the Dow Jones Industrial Index would have been worth $14.41 in 2007, and $11.49 in 2010.


Even after losing value between 2007 and 2010, that 1980-invested dollar earned 8.19% a year, compounded annually. Those evil Wall Street profiteers.

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